Wells Fargo & Company (NYSE:WFC) Price Target Raised to $67.00 at Evercore ISI

Wells Fargo & Company (NYSE:WFC) had its price target upped by investment analysts at Evercore ISI from $58.00 to $67.00 in a research report issued on Thursday, Benzinga reports. The firm presently has an "outperform" rating on the financial services provider's stock. Evercore ISI's price target indicates a potential upside of 15.60% from the company's current price.

WFC has been the subject of several other research reports. HSBC boosted their target price on Wells Fargo & Company from $55.00 to $60.00 and gave the stock a "hold" rating in a research note on Thursday. Oppenheimer reiterated a "market perform" rating on shares of Wells Fargo & Company in a research note on Tuesday, March 19th. Morgan Stanley boosted their price objective on Wells Fargo & Company from $54.00 to $63.00 and gave the company an "overweight" rating in a research note on Tuesday, January 30th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $51.00 price objective on shares of Wells Fargo & Company in a research note on Tuesday, January 9th. Finally, Piper Sandler reduced their price objective on Wells Fargo & Company from $51.00 to $50.00 and set a "neutral" rating for the company in a research note on Tuesday, January 16th. Twelve equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $55.85.

Wells Fargo & Company Trading Up 0.6 %

Shares of NYSE WFC traded up $0.35 during trading on Thursday, hitting $57.96. 14,546,593 shares of the company were exchanged, compared to its average volume of 19,147,393. The firm has a market capitalization of $205.20 billion, a PE ratio of 12.02, a P/E/G ratio of 1.18 and a beta of 1.19. Wells Fargo & Company has a 12-month low of $36.27 and a 12-month high of $58.44. The company has a fifty day moving average price of $53.00 and a 200-day moving average price of $47.01. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.88 and a current ratio of 0.88.

Wells Fargo & Company (NYSE:WFC - Get Free Report) last announced its quarterly earnings data on Friday, January 12th. The financial services provider reported $0.86 EPS for the quarter, missing analysts' consensus estimates of $1.16 by ($0.30). The company had revenue of $20.48 billion for the quarter, compared to analyst estimates of $20.30 billion. Wells Fargo & Company had a return on equity of 12.40% and a net margin of 16.60%. The business's quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.67 earnings per share. As a group, equities research analysts expect that Wells Fargo & Company will post 4.72 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of WFC. Fortis Group Advisors LLC acquired a new stake in Wells Fargo & Company in the third quarter valued at $25,000. Arlington Trust Co LLC acquired a new stake in Wells Fargo & Company in the fourth quarter valued at $25,000. Core Wealth Advisors Inc. acquired a new stake in Wells Fargo & Company in the fourth quarter valued at $25,000. Leith Wheeler Investment Counsel Ltd. grew its holdings in Wells Fargo & Company by 208.0% in the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 528,104 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 356,620 shares during the last quarter. Finally, Studio Investment Management LLC acquired a new stake in shares of Wells Fargo & Company during the fourth quarter valued at $28,000. Institutional investors and hedge funds own 75.90% of the company's stock.

Wells Fargo & Company Company Profile

Wells Fargo & Company, a financial services company, provides diversified banking, investment, mortgage, and consumer and commercial finance products and services in the United States and internationally. The company operates through four segments: Consumer Banking and Lending; Commercial Banking; Corporate and Investment Banking; and Wealth and Investment Management.